Grotech Ventures has been selected as the first private venture capital firm to receive funds to invest through the state’s $84 million InvestMaryland program. The newly launched program has previously given awards directly to early stage technology companies. Grotech Ventures, with offices in Hunt Valley and Tysons Corner, Va., received $12 million from InvestMaryland to invest in early-stage companies in Maryland. If the investments are successful, the firm is expected to repay the funds and 80 percent of the profits to the state.
To read the original article: Grotech picked as InvestMaryland venture capital firm - Baltimore Business Journal
